[Marxism] Article in todays WSJ.com
S. Artesian
sartesian at earthlink.net
Tue Feb 10 04:08:09 MST 2009
Today's WSJ.com has an interesting article on Cisco's offering of $4
billion in corporate bonds. The article is about the "thawing" in the
credit markets but it includes this interesting item:
"While Cisco has a cash hoard of $29.5 billion, the company can't readily
tap those reserves to pay for outlays such as acquisitions. Only $3 billion
to $4 billion of Cisco's cash is in the U.S. with the rest overseas, meaning
the money would be subject to taxes if Cisco tries to bring it home."
Anybody have an idea of how to find some data as to amounts of corporate
cash held overseas that make up a country's foreign reserve holdings?
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